Press Release Article

STATEMENTS FROM PORT AUTHORITY CHAIRMAN JACK G. SINAGRA AND VICE CHAIRMAN CHARLES A. GARGANO REGARDING PROPOSED LAND DEAL WITH CITY OF NEW YORK

Date: Aug 05, 2002Press Release Number: 81-2002

STATEMENT BYJACK G. SINAGRA,CHAIRMANTHE PORT AUTHORITY OF NEW YORK AND NEW JERSEY

\"This is a very interesting proposal which deserves serious examination and consideration. In concept, it would be consistent with the Port Authority’s core mission of transportation. If the City is serious about pursuing this idea, we would welcome such a discussion.\"

STATEMENT BYCHARLES A. GARGANO,VICE CHAIRMANTHE PORT AUTHORITY OF NEW YORK AND NEW JERSEY

\"The Port Authority would be open to discussions of such a plan, if the City intends to pursue it. Since 1995, Governor Pataki has said he wanted the Port Authority to return to its core mission of transportation. That was why we privatized the World Trade Center, by means of a 99-year net lease. Although there are substantial issues that would need to be resolved, this proposal could also be a serious first step towards resolving longstanding issues involving the New York airports and Port Authority leases with the City for the airport property.\"